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| Provider | Service type | Compensation |
|---|---|---|
NATIONWIDE1+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $75,684 |
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 33 29 SAWYER ROAD · WALTHAM, MA 02453 | Other fees; Securities brokerage | $31,336 |
SUMMIT FINANCIAL CORPORATION1+ years Service code 13 · EIN 04-3222046 7 NEW ENGLAND EXECUTIVE PARK · BURLINGTON, MA 01803 | Contract Administrator | $8,140 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $133,163 | $57,108+133.2% | $94,229+41.3% | $52,331+154.5% |
| Participation rate | 92.8% | 72.9%+19.9pp | 78.8%+14.0pp | 68.1%+24.7pp |
| Annual return | -0.34% | 1.47%-1.8pp | 10.68%-11.0pp | 4.54%-4.9pp |
| Employer contribution / active EE | $718 | $1,735-58.6% | $3,587-80.0% | $1,882-61.9% |
| Participant deferral / active EE | $7,222 | $3,040+137.6% | $4,320+67.2% | $3,022+139.0% |
| Admin fee / account holder | $372 | $546-32.0% | $6,269-94.1% | $592-37.1% |